I'm not really a chart expert i can stab at support levels as such.
The price drop IMO was slightly extreme of current valuations of the company but the markets over shoot and undershoot.
The shares available for accumulation are slowly disappearing.
The CR should be finished here and index funds had to sell out. Who bought is not going to sell for a few pennies.
I think we will chip our way up to the 45 50 cent mark.
and pending on any news the raise can be fast and who knows what the SP will be.
We know when the next CR will be announced some selling pressure will come back but till then I believe the the forces pushing down now accumulated and will play up.
I think price will be a combination of speculation news the significants and potentially increasing revenue.
Let's hope management close on a few deals!
I'm not really a chart expert i can stab at support levels as...
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $491.8M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 26.5¢ | $1.133M | 4.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 840233 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 359495 | 4 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
26.8¢ |
Change
-0.010 ( 2.73 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 28.5¢ | 26.5¢ | 2892314 | ||
| Last updated 15.58pm 15/05/2024 ? | |||||
| BRN (ASX) Chart |